Selling Your House Without An Agent in Oklahoma

We live in a world where everyone does everything without expensive expert service providers. People trade stocks without a stockbroker. People create wills and trusts without attorneys. Many even remodel homes without contractors. As independent as everyone is, why wouldn’t you want to look at the benefits of selling your house without an agent in Oklahoma?

Saving Money

Agents cost money. It’s that simple. In many cases, it’s a lot of money. A real estate transaction can cost six percent of the final property sales cost. If a property sale price is $500,000, this can cost sellers $30,000. This amount is split between both the buyer’s and seller’s agent.

This is a considerable amount that is taken from the final sale price. If a seller still has high mortgage balances that need to be paid off, eliminating commission costs is a huge advantage. Just increase net profits is attractive to sellers. Keep in mind, just because you don’t have an agent as a seller doesn’t mean you can preclude the buyer from having an agent.

Most sellers end up paying between two to three percent to the buyer’s agent in self-represented sales. However, if you are new to real estate sales, the buyer’s agent might try to negotiate a bigger commission because he will most likely be doing work on both ends of the transaction to make up for your lack of experience and understanding.

Qualified Negotiator

Even though you can’t force the buyer to not have an agent, it doesn’t become negotiating power to say you are more flexible in the price if there is no outside representation. Buyers might feel they are able to negotiate a better price without an agent because they know the amount of savings in the transaction.

Beyond negotiating the sale price, sellers might feel they are more qualified to sell and negotiate the transaction than an agent. Sellers well versed in real estate transactions might be comfortable walking through the process and negotiating items at different points in the escrow process. When a seller is comfortable dealing with a buyer or buyer’s agent, he can save at least three percent of the commissions by representing himself.

It is also possible that the transaction is very straightforward. Perhaps it is a new construction or being sold as is and the seller isn’t willing to negotiate on anything. Buyers can come in and make an offer without expectation for repairs or credits. Sellers set with their price and able to provide all disclosures and documents properly might not see a need for agent representation.

Keeping Things Personal

There are times when a transaction is among well-known parties. Well-known could be family members, close friends or even business partners. In cases like this where everyone is clear who the parties are and what to expect in the sale, there may not be a need to bring on an agent. Of course, there needs to be a lot of trust among all parties in this type of transaction scenario.

Even when parties to a sale know each other, legal sale requirements must be followed. Adhere to all Tulsa codes for disclosures and timelines. The last thing you want as a seller representing himself is to find yourself in a legal battle down the road for a property you thought you no longer had any ties to. Follow the rules to avoid legal ramifications and penalties.

If you are unsure about whether or not you should sell your property in Tulsa, don’t hesitate to send us a message. We can help you decide whether you should use an agent or sell your property directly! Call today! (918) 516-8885

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Testimonials

They were very easy to work with…

“They were very easy to work with, made a fair offer within 24 hours based on the condition of our property, and kept us updated while waiting on title company to set up closing date.” – Kennette Benton – Muskogee, Okla.

They delivered as promised…closed in a timely manner

“They delivered as promised when buying our house, and even went out of their way to clear up title issues from the previous owners who we had purchased the property from, and closed in a timely manner.” – The Kerker Family, Pawhuska, Okla.

They helped me…

“I needed to sell my second home after the tenants moved out, and hadn’t taken good care of it. They helped me. – Dan Underhill, Broken Arrow, Okla.

We were facing foreclosure… They were able to close within the two weeks..

“We were facing foreclosure when we contacted them. They were able to close within the two weeks, and save us from making our credit any worse than it already was. – Anonymous, Norman, Okla.

Offering us the opportunity to buy a home with seller financing…

“They helped my fiancé and I get out of renting, by offering us the opportunity to buy a home with seller financing.” – Lila McIntyre, Blackwell, Okla.

Helped me locate another buyer from their contacts…

“I had an investment property I needed to move to free up some cash, even though it didn’t fit their buying portfolio, they helped me locate another buyer from their contacts.” – Rodney Sargent, Odessa, Texas.

Closed in a timely manner after another buyer backed out…

“My wife and I sold one of our rental properties to them after another buyer backed out on the deal. They handled their business professionally and closed in a timely manner like they said they would.” – Robert D. Yenor, Perry, Okla.

They helped me out of a bad situation…

“I sold an investment property to them to free up some capital for another project after a contractor had ripped me off. They helped me out of a bad situation, and communicated with me throughout the process.” – Dustin Seabolt, Tulsa, Okla.

It was an easy process…

“I sold my house to them and it was an easy process. They were very honest and explained everything up front.” – Stephen Smart, Blackwell, Okla.

“We Are Real Estate Investors Who Buy, Rehab & Sell or Rent Properties in Tulsa, Oklahoma City, and statewide throughout Oklahoma… And Also Help Home Buyers Who May Not Qualify For A Traditional Mortgage Buy One Of Our Properties By Offering Seller Financing…”